FUNDING | Pixr8 News

13May By PriyankaNo Comments

FUNDING

Online Hotels Aggregator Startup Stayzilla Raises $13 Million Funding

As per the mint report, Stayzilla has raised $13 million Series C funding from existing investors Matrix Partners and Nexus Ventures, according to documents filed with the Registrar of Companies. In report the funding round of online aggregator of budget hotels split into three tranches of $8.8 million (Rs.58.5 crore), $1.9 million (Rs.13 crore) and $2.4 million (Rs.16.3 crore), between November 2015 and March 2016. About Stayzilla - Stayzilla was founded by Yogendra Vasupal, Sachit Singhi and Rupal Yogendra. The company which started off by offering travelers stay options in budget hotels, last year forayed into home stays, connecting travellers with homeowners with spare accommodation in their houses. Earlier, Stayzilla raised close to $20 million from Nexus Venture Partners...

13May By NitishNo Comments

FUNDING

Hindi Social Networking Portal ShabdaNagari Raised Funding From ah! ventures

Hindi social networking portal ShabdaNagari has raised undisclosed amount of bridge funding from ah! ventures. The company had said that it plans to use the funds raised to expand its genres and improve its user interface, marketing and promotional activities. Artha Energy Project's Anirudh Damani & others also participated in this round. "ShabdaNagari team's thorough understanding of the Hindi speaking market and their innovative solutions to the various requirements make them stand apart. The positive results we have witnessed in the last one year makes us confident that ShabdaNagari is soon to be the biggest player in this niche category." said Harshad Lahoti, founder and CEO of ah! Ventures. ShabdaNagari had earlier raised Rs 1.2 crore from Kanpur Angels and a clutch of other...

12May By AnkitaNo Comments

FUNDING

Online Lending Platform Capital Float Raised USD 25 million (Rs 170 crore) Funding

Online lending platform Capital Float has raised USD 25 million (Rs 170 crore), led by Creation Investments Capital Management. The Series B financing also saw "significant participation" from existing investors like SAIF Partners, Sequoia India and Aspada, Capital Float said in a statement. This is the third round of funding, bringing the total equity capital raised by the company to USD 42 million. This round of growth capital will help Capital Float expand its lending footprint to over 20,000 small and medium enterprises in over 100 cities, and introduce new financial products online, it said. Founded in 2013, Capital Float has created a proprietary technology platform to evaluate the financial health of SMEs and efficiently deliver working capital to a segment that is under...

12May By PriyankaNo Comments

FUNDING

T-Hub incubated Life Circle Has Raised $150,000 Funding

Hyderabad based Life Circle Health Services has raised an amount of $150,000 as funding from European senior healthcare service provider GROUPE SOS. Life Circle is a home nursing service start-up being incubated at T-Hub, an incubation centre initiated by the Telangana government. Anant Kumar, Founder and CEO of Life Circle, said that they have offered over 150,000 hours of home nursing services till date. Life Circle provides verified caregivers to create a seamless continuum of care. They offer work related training and psychological counselling to the caretakers to give flexible care and engagement to the seniors. With these funds, the company plans to expand its services in the Hyderabad market. Very soon the company would launch its services in New Delhi - NCR markets. I...

Ex-IAS Officer Led Startup Unacademy Raised $500,000

12May By AdityaNo Comments

FUNDING

Ex-IAS Officer Led Startup Unacademy Raised $500,000

Led by Ex-IAS officer, Unacademy a education technology platform has raised $500,000 led by Blume Ventures. Google's Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, among others has also participated. "Unacademy's vision is to distribute knowledge of the educators and innovators in the form of mini courses having lessons of not more than 10 minutes each," said Gaurav Munjal, CEO, Unacademy, who started the company along with 24-year old Roman Saini. "Delivery of education in India needs radical shifts," and Karthik Reddy,Managing Partner, Blume Ventures. "Unacademy is a manifestation of the team's vision to make all forms of educative material so intuitive and accessible that learning becomes extremely interesting and scalable," he added. ALSO ...

11May By NitishNo Comments

FUNDING

Zenify Raises Rs 6 Crore in Pre-Series A Round to Facilitate Growth

Zenify, a home aggregator and rental management start-up based in Bengaluru has raised Pre-Series A funding of INR 6 crores from High Networth Individuals (HNI), who have a minor stake in Zenify. Zenify will use the raised funds to further expand their range of services in India and strengthen its team to complement their capabilities. The company had earlier raised Rs 4 crore in angel funding from Srikanth and Bharath from K12 Techno Service Pvt. Ltd & Atul Jalan, Founder & CEO of Mathan Software Service Pvt Ltd. Zenify, today has a total funding of Rs. 10 crores. Sudarshan Purohit, Kailash Rathi and Ankur Agarwal, alumni of IIT- M, co-founded Zenify, which lists over 1700 properties available for rent across Bengaluru. The platform provides owners and tenants a hassle free ...

11May By AnkitaNo Comments

FUNDING

Faircent Raises Series A Funding From JM Financials, Picks Up 10 pc Stake

Financial services firm JM Financial today said it has acquired close to 10 per cent stake in peer-to-peer (P2P) lending startup Faircent. Though the amount has been undisclosed but it's estimated to be close to Rs 16.5 crore (between USD 2.5 million to 3 million). In a filing to the BSE, the company said its subsidiary JM Financial Products has executed the agreement to acquire securities representing up to 9.84 percent on a fully diluted basis of the total paid-up capital of faircent. Faircent is engaged in the business of operating a web portal and mobile application under the name of Faircent.com which provides a virtual peer-to-peer lending marketplace. Without disclosing the deal size, Faircent founder and CEO Rajat Gandhi said "funds raised from the transaction would be used ...

10May By AnkitaNo Comments

FUNDING

Healthifyme a Mobile Based Fitness Startup Raises $6 million Funding

HealthifyMe, a mobile health and fitness startup today announced Series A funding of USD 6 million (about 40 crores) led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after announcement of seed round led by angel investors and Micromax, the company said in a release. Stating that HealthifyMes funding comes on the back of strong growth, it said adding that with in a years time, the company has scaled up users to 5,00,000 from 30,000 users in January 2015. The funds will be used to further develop its digital coaching platform and to accelerate growth in India, the company said. "With these funds we plan to impact 5 million users and tie-up with over 500 corporate and healthcare partners. Our aim is to be the best in the world and we wi...

10May By PriyankaNo Comments

FUNDING

IIT Madras Incubated Startup InnoNano Research raises $18 million Funding

In first of its kind, Indian Institute of Technology Madras incubated a clean water technology company InnoNano Research finalized an agreement with US-based energy and water investment firm NanoHoldings for an $18 million investment. The company makes affordable clean drinking water reach very nook and corner of the country, especially areas that are affected by heavy metals. The Indian start-up firm will be holding majority of stakes in the joint global venture. The $18 million will be spent over a period of next five years, out of which $5 million will be spent on developing new technologies in the area of water purification - said Thalappil Pradeep, who is heading a research group at IIT Madras and co-founder of InnoNano Research. “We have already got $3.25 million of which $1.2 m...

Bangalore Based Food Startup Swiggy Raised Rs 47 crore

10May By AnkitaNo Comments

FUNDING

Bangalore Based Food Startup Swiggy Raised Rs 47 crore

Online food ordering startup Swiggy has raised Rs 47 crore from existing investors Norwest Venture Partners, DST Global and Accel Partners. The value of Swiggy is now over Rs 865 crore or $130 million. Over the past few months, the company has also seen its order value basket size increased to Rs 375 per order. Close to 30% of these orders are cashless. Swiggy is also fulfilling close to 40,000 orders from the eight cities that it operates in including Bengaluru, Hyderabad and Delhi-NCR. The new round of funding gives the startup additional horsepower to go deeper into its core eight cities and maintain its market leadership position as it competes with other startups including Zomato and Runnr, to be formed after the merger of Roadrunnr and TinyOwl. Reddy explained that the compa...

Online Retailer Nykaa.com To Raise Rs 60-100 Cr

5May By AnkitaNo Comments

FUNDING

Online Retailer Nykaa.com To Raise Rs 60-100 Cr

Online beauty retailer Nykaa.com today said it plans to raise Rs 60-100 crores for marketing and setting up warehouses even as it focuses on opening more retail outlets to deepen its footprint. "We plan to raise another Rs 60 to Rs 100 crore from private sources...majority of investment will be into marketing to build the brand, warehouses and also on technology to enable more number of shoppers to shop simultaneously on the portal," Nykaa.com Founder and CEO Falguni Nayar told reporters here. The company had raised USD 9.5 million from private equity firm TVS Capital last year. To expand its offline presence, the former investment banker said the company plans to open 30 stores in 30 cities by 2020. She further said the company has three warehouses in Mumbai, Delhi and Bengaluru. "W...

IFC Leads Rs. 400 cr Investment in Lenskart

5May By PriyankaNo Comments

FUNDING

IFC Leads Rs. 400 cr Investment in Lenskart

IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 cr Series D investment round which also saw participation from TPG Growth, Adveq Management and IDG Ventures. In addition, Ratan Tata and Kris Gopalakrishnan (co-founder of Infosys) invested in their personal capacity as part of this round. Avendus Capital was the exclusive financial advisor to this transaction. Lenskart is into assembly, manufacturing, wholesale distribution and supply of high quality eyewear products, such as eyeglasses, power sunglasses and contact lenses. Company plans to utilize the funds for strengthening its te...